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The EWTN site continues to explain the differences of intent. The article closes as follows
Difference of views: Mormons hold that there is no real Trinity, no original sin, that Christ did not institute baptism
Summing up, we can say: The Baptism of the Catholic Church and that of the Church of Jesus Christ of Latter-day Saints differ essentially, both for what concerns faith in the Father, Son and Holy Spirit, in whose name Baptism is conferred, and for what concerns the relationship to Christ who instituted it. As a result of all this, it is understood that the Catholic Church has to consider invalid, that is to say, cannot consider true Baptism, the rite given that name by the Church of Jesus Christ of Latterday Saints.
Now, you may be correct that you can hold different ideas and still be Mormon, although the Mormons that I know would not agree.It is equally necessary to underline that the decision of the Congregation for the Doctrine of the Faith is a response to a particular question regarding the Baptism of Mormons and obviously does not indicate a judgment on those who are members of the Church of Jesus Christ of Latter-day Saints. Furthermore, Catholics and Mormons often find themselves working together on a range of problems regarding the common good of the entire human race. It can be hoped therefore that through further studies, dialogue and good will, there can be progress in reciprocal understanding and mutual respect.